[[[ 2:30 p.m.Watch FOMC Press Conference Live Today at 2:30 p.m. (ET) Watch the live press conference with the Chair of the Federal Reserve, Jerome H. Powell.Watch FOMC Press Conference Live Today at 2:30 pm (ET) ]]]
Pinning the DOW today will be tricky with Powell presenting at 2.30pm New York time (90 mins before the close).
They say the market is never wrong … so on balance considering the last two trading sessions, should we expect benign, calming, soothing words from Powell and an inevitable strong bounce to the close … or will a determined Fed wrong foot the market, or leave too much ambiguity, with an inevitable overwrought fall to the close.
It seems a binary decision for tonight, with little chance for middle ground imo.
